A Bengaluru resident just lately took to social media to flag Bengaluru’s hovering rental prices after a property advert by NoBroker.com confirmed an unbiased home listed for a humongous safety deposit, which is the same as lease for a 12 months.
The itemizing shared by the consumer was of a 4BHK absolutely furnished home, spanning round 4,500 sq ft, with a month-to-month lease of ₹2.3 lakh. The home is positioned in Bengaluru’s Bennigana Halli space. In his publish, the consumer went on to match this with the safety deposits that homebuyers are required to pay in metros internationally.
Calling Bengaluru landlords “the greediest on the earth,” he wrote: “₹23 lakh safety deposit (12 months lease) is OUTRAGEOUS. In the meantime, deposits in different cities: NYC? 1 month Toronto? 1 month Singapore? 1 month per 12 months of lease SF? 2 months’ Dubai? 5%-10% of annual lease London? 5-6 weeks’.”
Because the publish went viral, netizens empathised with the unique poster’s plight and stated the landlords’ greed in Bengaluru was certainly uncontrolled at this level.
“12 months is little grasping possibly. However principally it’s 5-6 months of lease. Low belief society (sadly) and excessive value of housing (in comparison with different cities outdoors India) is a fundamental purpose (sic),” a consumer wrote.
“Very grasping. And they’ll strive their stage finest to chop all the pieces from the deposit once you depart and return pennies,” a second consumer stated.
“One makes them greedier, if we merely go with out negotiating to a wise worth level with them. I really feel that is what occurred to most of those cussed landlords, few individuals actually paid for what they requested, & the market is now disturbed,” a 3rd consumer stated.
Some others questioned the state authorities over introducing worth controls on film tickets however not on a necessity like housing.
“Why are worth controls in some locations however not others? Authorities is introducing them for film tickets, a luxurious. Why not add worth controls for housing, a necessity?” a consumer questioned.
“Sadly the gov isn’t wanting into this concern relatively creating ineffective language difficulty. Out of this residue undoubtedly there will probably be some random deductions by landlord which can’t be argued,” yet one more consumer commented.
